Trading your cryptocurrency for cash should ideally be as straightforward as using an ATM, provided you opt for a reputable platform. There are numerous crypto exchange platforms within Nigeria and Ghana to trade crypto for Naira and Cedis. However, it’s important to exercise caution when choosing the platform for your crypto-to-cash transactions because the market is a mix of reliable and unreliable options.
By choosing a trustworthy platform (also “the reliable” option), you can simplify the act of trading your cryptocurrency for your local currency while minimizing potential risks associated with less reputable options.
This post aims to introduce you to Cardvest, the best platform to trade crypto in Nigeria and Ghana.
About Dart Africa
Cardvest is a state-of-the-art, local cryptocurrency exchange platform, with modern exchange techniques in place to serve and support customers. Cardvest has achieved a milestone in bridging the gap between what traders expect from a local exchange and what they actually get. They claim to be an automated crypto exchange platform with a commendable transaction speed.
Why Cardvest
The first reason you should consider Cardvest is something all crypto traders care about – the exchange rate. Cardvest offers a very competitive exchange rate that reflects the prevailing social-economic condition of cryptocurrency and Dollar to Naira or Cedis relation. Going through the platform’s organizational goals, they seem to understand the importance of offering a good exchange rate and their objective as an organization.
The platform also boasts of a 5-minute transaction time between verifying the crypto transaction and sending funds to the client’s account. As we all know, transaction time is a crucial aspect of any exchange service, no one wants to trade their crypto and receive money hours or days later, Cardvest understands this and has made it a driving force to ensure they offer the least amount of transaction time possible. However, it is worth mentioning that the speed of crypto transactions relies heavily on the blockchain and some blockchains are not known for their speed. The type of crypto you are trading on Dart Africa also affects the transaction speed.
You can access Cardvest’s exchange service by going to their website or through their mobile app which is available for download on both the Google PlayStore. The platform has a user-friendly design that makes it easy for users to transact on it.
From our review of the website and mobile app, we notice the effort put in place to ensure the platform is easily accessible and used by visitors. You don’t have to be a “tech-bro” or extremely computer-savvy to use the platform, as there is no technicality or extra knowledge required to trade your crypto assets on the platform. You simply have to be familiar with how cryptocurrency transactions are executed.
How To Trade Crypto For Naira or Cedis
It is fairly easy to trade your cryptocurrency for naira or cedis on Cardvest, you simply have to create an account with a;
- valid email address
- phone number
- preferred username & password.
Complete your account set-up -add an extra layer of security to your account by setting up a transaction PIN.
Violla!!! You can start trading your cryptocurrency on the platform. Note, that the minimum amount of crypto you can trade on Cardvest at the moment is $20.
Things to consider before trading on any platform:
When dealing with a Bitcoin exchange platform, it’s crucial to consider several key factors:
- Exchange Rate: Ensure the platform offers competitive exchange rates for your cryptocurrencies. Compare rates with other platforms to confirm you’re getting a favorable deal.
- Fees: Check for any fees associated with sending your crypto or withdrawing funds to your bank account. Transparent fee structures are essential.
- Limits: Check the crypto, naira, and Cedis exchange rates and withdrawal limits. This can help prevent surprises while conducting transactions.
- Customer Service: Remember to consider the importance of responsive customer support. Consider their availability and responsiveness in case you encounter issues or have questions.
- Security: What is the reputation of the exchange platform? Ensure they take data and fund security seriously. Look for details on how they safeguard your assets.
- Credibility: Research the public perception of the exchange platform through user reviews and feedback. Pay attention to how the platform handles negative reviews and whether they address concerns adequately.
Ensure you do your due diligence, research the platform’s reputation, read user reviews, and consider factors like security, fees, and customer support.
